United Bank for Africa (UBA) Plc has announced that its board of directors would meet on Thursday, August 12, 2021, to consider among other things, the company’s audited Financial Statements for the half-year period ended 30th of June, 2021.
Consequently, the firm also announced that it would observe its closed period from July 1, 2021, until 24 hours after the half-year accounts are filed with the Nigerian Exchange Group Limited.
This is according to a disclosure signed by the Bank’s secretary, Bili Odum, and sent to the Nigerian Exchange Group Limited (NGX).
Accordingly, the announcement of a closed period is in line with Rule 17.18(a) (Closed Period Rules) of the NGX’s Rule Book (2015). During this period, individuals with sensitive information about stock performance such as; Directors, managers, employees, consultants, and their connected persons, are prohibited from trading in the shares of the bank either directly or indirectly.
What you should know:
- UBA Plc had earlier reported a 27% increase in its profit after tax figures for the first quarter of the year (Q1, 2021). During the aforementioned period, the bank posted a PAT of N38.16 billion.
- The bank closed trading for the week ended 23rd of July, 2021 with a share price of N7.85.